Sand has been stabilizing around 1.30, historical volatility in this instrument is usually much higher. I have a bull bias. If bitcoin runs up I expect sand to go to 1.90, potentially 2.30 within the next month. A long trade with stop loss at 1.25, entry at 1.31 and take profit at 1.91 would give a 9.83 risk reward trade. Risk 1% of your portifolio to potentially make 9.83%. Example given: on a 10K usd trade account you would be risking 100 USD to make 983 USD. Keep in mind that this trade could fail and you lose 100, the idea is to make an infinite number of trades like this and keep making money over the long run.
Trade closed: stop reached:
Trade idea failed, and stop was reached for one unit of loss.
trader itcha